Sector - Law Dictionary Search Results
Home Dictionary Name: sectorEstablishment in private sector
Establishment in private sector, means an establish-ment which is not an establishment in public sector. [Apprentices Act, 1961 (52 of 1961), s. 2 (h)]Means an establishment other than an establishment in public sector. [Payment of Bonus Act, 1965, s. 2 (15)]It means an establishment which is not an establish-ment in public sector and where ordinarily twenty-five or more persons are employed to work for remuneration. [Employment Exchanges (Comp-ulsory Notification of Vacancies) Act, 1959, s. 2 (g)]...
Sectoral
Of or pertaining to a sector as a sectoral circle...
Industrial concern in small-scale sector
Industrial concern in small-scale sector, 'industrial concern in small-scale sector' means an industrial concern as defined in clause (c) of s. 2 of Industrial Development Bank of India Act, 1964 (18 of 1964), and which is regarded as a small-scale undertaking under s. 11B of the Industries (Development and Regulation) Act, 1951 (65 of 1951). [Small Industries Development Bank of India Act, 1989 (39 of 1989), s. 2(h)]...
Industrial undertaking in public sector
Industrial undertaking in public sector, means an industrial undertaking owned, controlled or man-aged by--(i) a Government company as defined in s. 617 of the Companies Act, 1956;(ii) a corporation established by or under a Central Provincial or State Act, which is controlled or managed by the Government. [Central Industrial Security Force Act, 1968 (50 of 1968), s. 2 (1)]...
Public sector bank
Public sector bank, means the State Bank of India constituted under the State Bank of India Act, 1955, a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959, a corres-ponding new bank constituted under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act 1980. [Small Industries Development Bank of India Act, 1989, s. 2 (la)]. See also State Financial Corporation Act, 1951....
Public sector undertaking
Public sector undertaking, means the enterprises having equity contribution of more than 50% from the Government of Rajasthan, whether departmental or non-departmental. [Rajasthan Agricultural Produce Market Act, 2005, s. 2(k)]...
Discount
Discount [fr. dis and conte, Fr.], abatement; commonly a sum of money deducted from a money obligation in consideration of its payment before the stipulated time.Discount means the sum of money or the quantity of grain which a prized subscriber is, under the terms of the chit agreement, required to forego and which is set apart under the said agreement to meet the expenses of running the chit or for distribution among the subscribers or for both. [Chit Funds Act, (40 of 1982), s. 2(g)]Means the difference between the amount received or receivable by the infrastructure capital company or infrastructure capital fund or public sector company issuing the bond and the amount payable by such company or fund or public sector company on maturity or redemption of such bond. [Income Tax Act, 1961 (43 of 1961), s. 36(1) iii-a Expl.]...
Local Employment Exchange
Local Employment Exchange, means--(a) in the whole of India except the Union territory of Chandigarh that Employment Exchange (other than the Central Employment Exchange) notified in the Official Gazette by the State Government or the Administration of the Union territory as having jurisdiction over the area in which the establishments concerned is situated or over specified classes or categories of establishments or vacancies; and(b) in the Union territory of Chandigarh that Employment Exchange established either by the Union territory Administration of Chandigarh or by the State Government of Punjab or Haryana notified in the States respective Official Gazette as having jurisdiction over specified clauses or categories of establishments, or vacancies, provided that the employment exchanges established by the State Government of Punjab or Haryana shall not have jurisdiction over--(i) the public sector offices/establishments other than those belonging to the respective States; and(ii) ...
Person
Person, a Hindu Undivided Family is a person, Kshetra Mohan-Sannyasi Charan Sadhukhan v. Commissioner of Excess Profit Tax, West Bengal, AIR 1953 SC 516.According to company law it does not mean an unregistered firm, Firm Pannaji v. Devichand Kapurchand, 99 IC 640.Person, does not include court, Kharka Gigabhai Mavji v. Soni Jagjivan Kanji, (1979) 20 Guj LR 256.Person, implies only an individual and does not bear scrutiny when construed in the case of a company, a firm of partners or an association of persons, J.K. Industries Ltd. v. Chief Inspector of Factories and Boilers, (1997) SCC (205) 1.Person, in an Act of Parliament passed after 1st January, 1890, includes 'any body of persons corporate or unincorporate' unless the contrary intention appears, Interpretation Act, 1889, s. 19. A corporation, such as a limited company, may be a 'respectable and responsible person' within the meaning of a covenant against assignment in a lease, Willmott v. London Road Car Co., (1910) 2 Ch 525. A c...
Public interest
Public interest, means an act beneficial to the general public. It means action necessarily taken for public purpose, Babu Ram Verma v. State of Uttar Pradesh, (1971) All LJ 653: (1971) Serv LR 649: (1971) 2 Lab LJ 235: (1971) Lab IC 1162 (All).Means of concern or advantage to people as a whole, T.M.A. Pai Foundation v. State of Karnataka, (2002) 8 SCC 481.Means retention of honest and efficient employees and weeding of inefficient and dishonest, Indira Saxena v. Municipal Council, 1995 Jab LJ 28.Means those interests which concern the public at large, Law Lexicon, 2nd Edn., Reprint 2000, at p. 1557). See also T.M.A. Pai Foundation v. State of Karnataka, (2002) 8 SCC 481.Refers to cases where the interests of public adminis-tration require the retirement of a government servant who with the passage of years has pre-maturely ceased to possess the standard of efficiency, competence and utility called for by the government service to which he belongs. No stigmas or implication of misbehav...
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